Debenhams has reported a dramatic drop in pre tax profit of 85% for the six month period to 3 March 2018 to £13.5m. The retailer has blamed a mixture of a change in shopping habits of its customers and the extreme weather brough about by the 'beast from the...
Housebuilder Redrow have reported a pre-tax profit of £185 million for the first half of the year; an increase of 5%. Revenue rose by 9% to £970 million. The total order book was up 11% to a record £1.162 billion. As a result of...
Debit cards payments have overtaken cash for the first time, according to the latest research from UK Finance. Debit cards were used 13.2 billion times in 2017, compared to 13.1 billion cash payments.  Almost two thirds of Britons now use contactless payments, with the number of payments doubling in one...
Princess Yachts, one of the UK's largest luxury yacht manufacturers, has recorded a record year with turnover of £340m, an increase of 24%. In the year to 31 December 2018, operating profit was up a massive 173% at £29.8m. Antony Sheriff, executive chairman of...
Royal Mail have reported a drop in nine-month revenue with weaker than expected performance in its letters business. Letter volumes fell by 8% with revenue from letter delivery falling by 6%, offsetting a 6% rise in parcel revenue. Royal Mail said the fall in...

Dunhelm sales up by 9%

Dunhelm, one of the UK’s largest homeware retailers, have reported a 9 per cent increase in like-for-like sales for the last quarter. Store revenue increased by 5.7% to £246 million, with online sales up by 37.9% to £36 million. The...

Royal mail buys Dicom Canada

Royal Mail have bought Canadian parcel delivery company, Dicom Canada, for approximately £213 million. Dicom Canada, based in Montreal, Quebec employs 1,400 people and provides business-to-business parcel services across Canada, especially in the Eastern Canadian provinces of Ontario and Quebec.  'Capture higher growth segments outside Europe' Rico Back, Chief Executive Officer, Royal...
Royal Bank of Scotland (RBS) profits have more than doubled in 2018 to £1.62 billion, an increase of £870 million from last year, with a pre-tax profit of £3.36 billion. It represents a massive turnaround for RBS since the £45.5bn Government bailout in 2008....

Tesco Direct closing down

Tesco has announced plans to close its non food website, Tesco Direct, on 9 July 2018. Tesco Direct sells a range of general merchandise, including technology, homeware, clothing and toys for delivery or collection. Approximately 500 jobs across the business will be at risk of redundancy. Tesco Direct has faced a...
Tesco have announced plans to form a long-term 'strategic alliance' with French company Carrefour. Carrefour is one of the largest hypermarket chains in the world, operating 12,300 stores across 30 countries and employs almost 375,000 people worldwide.. @Tesco and @CarrefourGroup to create long-term strategic alliance: https://t.co/lC3FDYkVBE — Tesco News (@tesconews) July 2,...
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